VANCOUVER, British Columbia, March 20, 2020 (GLOBE NEWSWIRE) -- Bolt Metals Corp. (CSE: BOLT) (FRANKFURT: NXFE) (OTCQB: PCRCF) (the “Company” or “Bolt Metals”) has completed a debt settlement with three creditors (the "Debt Settlement"). The Debt Settlement will result in an aggregate of $300,000.00 of indebtedness being retired in consideration for the issuance of 999,999 common shares at a price of $0.30 per common share. The indebtedness is held by three arm’s length parties. The Debt Settlement is subject to Canadian Securities Exchange approval.
The securities issued under the Debt Settlement are subject to a hold period expiring July 21, 2020.
About Bolt Metals
BOLT Metals Corp. is a Canadian‐based exploration company focused on the acquisition and development of production grade nickel and cobalt deposits, key raw material inputs for the growing lithium‐ion battery industry. Visit https://boltmetals.com/ to find out more.
Bolt Metals Corp.
Ranjeet Sundher – President and CEO
(604) 922-8272
This email address is being protected from spambots. You need JavaScript enabled to view it.
Steve Vanry – CFO & Director
(604) 922-8272
This email address is being protected from spambots. You need JavaScript enabled to view it.
Sean Bromley – Director & Investor Contact
(778) 985-8934
This email address is being protected from spambots. You need JavaScript enabled to view it.
Reader Advisory
Neither the Canadian Securities Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
